Author Question: Process development is the anticipation and resolution of problems that arise in the production of a ... (Read 67 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
Process development is the anticipation and resolution of problems that arise in the production of a product
 
  Indicate whether the statement is true or false

Question 2

Describe three simple methods that can be used to estimate a selling price for a business:
 
  What will be an ideal response?


macmac

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

True

Answer to Question 2

1. Compare it to other businesses. If you are looking to sell your dry-cleaning business, for example, check out how much other dry-cleaning businesses in your area are bringing in when they are sold. 2. Look at benchmarks to see how the business is performing within its industry. In most industries, there are one or two key benchmarks used to help value a business. 3. Look at a multiple of net earnings. One rule of thumb says that a business can sell for around three times its annual net earnings. If the business earns 100,000 net profit per year, for example, it could be expected to sell for 300,000.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

For a complete list of videos, visit our video library